LEARNING ABOUT INTEREST ON YOURAMERICAN EXPRESS CREDIT CARD

American Express Credit Cards are a convenient way to pay for
everyday purchases. A credit card is a lending product. When you
make a transaction using your Card, we are lending you that amount
of money and you are essentially taking out a loan. As an American
Express Cardmember, you have the flexibility to pay back the loan
so that we receive your payment in full by the payment due date or
over a longer period of time. A minimum payment is always due by
the payment due date every month.

Cardmembers may refer to the Most Important Terms and Conditions
for their Credit Card to learn more about the interest charged on
the unpaid amount.

When interest is charged

If you always pay your balance in full so that we receive your
payment by the payment due date, interest will not be applied to
any of your purchases. If you choose to carry a balance or if we
receive your payment late, interest charges are calculated and
charged to your account. Interest is always charged on balance
transfers and funds advances starting from the day the transaction
occurs.

The best way to reduce your interest charges is to make your
payments early or pay your balance in full and on time.

Remember, the processing time varies by financial institution and
by method of payment (Internet, mail, telephone and bank branch).
Confirm with your financial institution to ensure we receive your
payment by the due date.

Pre-Authorized Payment Plans are a great tool to help you maintain
your preferred interest rate.